Michael Saylor’s Strategy Buys Another $100M In Bitcoin
Michael Saylor’s Strategy has again added a massive Bitcoin stash to its humongous BTC stockpile worth more than $50 billion. On Monday, the company announced purchasing $100 million of Bitcoin recently. This announcement sent the MSTR stock soaring by about 7%.
Michael Saylor Announces Another Bitcoin Buy
According to Michael Saylor’s post on X, the firm has acquired 1,587 BTC for $100 million. This acquisition has increase their BTC reserve to 846,842 BTC. The latest stack was bought at an average cost of $63,024.
The company also reported increasing its USD reserve by $100 million to $1.1 billion, per an 8-K filing. It signals a move towards timely payments of dividends tied to the STRC preferred stock as it will now pay semi-monthly dividends.
Strategy has acquired 1,587 BTC for $100 million to increase our $BTC Reserve to ₿846,842. We have also increased our USD Reserve by $100 million to $1.1 billion. $MSTR $STRC https://t.co/27PYXJN7GD
— Michael Saylor (@saylor) June 15, 2026
The latest purchase comes on the heels of Michael Saylor’s Sunday post, where he already confirmed that the company is “still adding dots.” Here, he referenced Strategy’s famous Orange Dots chart, which shows the firm’s BTC purchases to date.
It also represents the second consecutive week of buying for the company. Earlier, last week, Strategy snapped up nearly $101 million in Bitcoin.
The MSTR Stock Reaction
With the recent buy, the MSTR stock rocketed 6.48% to $132 in the pre-market session today. However, despite the positive reaction, investors quickly spotted Strategy’s massive stock sale last week.
In the filing, the company reported an MSTR stock sale of 1,732,553 shares worth over $209 million. The proceeds could have been divided into two parts: one for buying and the other for boosting the USD reserve.
In the previous week, the firm faced massive criticism for selling the MSTR stock to fuel BTC purchases. However, Michael Saylor dismissed the critics narrative of dilution of the MSTR shareholders.
Moreover, the company had been under fire for selling 32 BTC a few weeks ago.
